MoneyWorks4Me

IDFC Bank’s promoter hikes stake in the bank

29 Jun 2018 Evaluate

IDFC Bank’s promoter IDFC Financial Holding Company has acquired 67,43,829 equity shares of the bank through open market purchases during the period June 25, 2018 to June 27, 2018.

After this acquisition, the promoter’s stake in the bank has increased from 1,84,17,68,839 equity shares or 54.10% to 1,84,85,12,668 equity shares or 54.30%.

IDFC Bank is a universal bank, offering financial solutions through its nationwide branches, internet and mobile.

Peers
Company Name CMP
HDFC Bank 739.00
ICICI Bank 1339.50
Axis Bank 1242.50
Kotak Mahindra Bank 412.50
Indusind Bank 953.00
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